Acronyms
Last updated 6 November 2015
The following acronyms are used throughout this site:
| AASB | Australian Accounting Standards Board (NZASB counterpart) |
| ACCA | Association of Chartered Certified Accountants |
| ACE | Autonomous Crown Entity |
| ACNC | Australian Charities and Not-for-profits Commission |
| AcSB | Canadian Accounting Standards Board |
| AFAANZ | Accounting and Finance Association of Australia and New Zealand |
| AICPA | American Institute of Certified Public Accountants |
| AOSSG | Asian-Oceanian Standard-Setters’ Group |
| APESB | Accounting Professional & Ethical Standards Board (Australia) |
| ARG | Audit Reference Group (technical reference group for audit and assurance matters) |
| ASAF | Accounting Standards Advisory Forum |
| ASB | Accounting Standards Board (South Africa) |
| ASBJ | Accounting Standards Board of Japan |
| ASF | Accounting Standards Framework |
| ASIC | Australian Securities and Investments Commission |
| ASRB | Accounting Standards Review Board (replaced by XRB) |
| AUASB | Auditing and Assurance Standards Board (Australia) (NZAuASB counterpart) |
| CAANZ | Chartered Accountants Australia New Zealand |
| CAG | Consultant Advisory Group (IPSASB) |
| CF | Conceptual Framework |
| CIPFA | Chartered Institute of Public Finance and Accountancy (UK) |
| CMAC | Capital Markets Advisory Committee |
| CNCOP | Public Sector Standards Council (France) |
| CP | Consultation Paper (IPSASB) |
| CRUF | Corporate Reporting Users Forum (Professional Investors and Analysts) |
| CSR | Corporate Social Responsibility |
| DI | Draft IFRIC Interpretation |
| DIA | Department of Internal Affairs (includes Charities Services) |
| DP |
Discussion Paper (IASB)
|
| DPOC | Due Process Oversight Committee (IASB) |
| EC | European Commission |
| ED | Exposure Draft |
|
EFRAG
|
European Financial Reporting Advisory Group |
| EG | Explanatory Guide |
| eIFRS | Online edition of IFRS, including IAS, IFRICs and SICs |
| EQC | Earthquake Commission |
| ESMA | European Securities and Markets Authority |
| ETS | Emissions Trading Scheme (now also Pollutant Pricing Mechanisms) |
| EU | European Union |
| FAF | Financial Accounting Foundation (US – oversight board for FASB and GASB) |
| FASB | Financial Accounting Standards Board (US) |
| FMA | Financial Markets Authority |
| FMCA | Financial Markets Conduct Act 2013 |
| FMC Reporting Entity | A term defined in section 451 of the Financial Markets Conduct Act 2013 which includes a range of financial market participants, and includes most issuers as defined under the Financial Reporting Act 1993. |
| FRA | Financial Reporting Act 2013 |
| FRC | Financial Reporting Council (Australia - XRB Board counterpart) |
| FRC | Financial Reporting Council (UK) |
| FReM | Financial Reporting Manual (UK Central Government) |
| FRO | Financial Reporting Order |
| FRS | Financial Reporting Standards – Domestic NZ financial reporting standards |
| FRSB | Financial Reporting Standards Board of the New Zealand Institute of Chartered Accountants (replaced by NZASB) |
| GAAP | Generally Accepted Accounting Practice |
| GASB | Governmental Accounting Standards Board (US) |
| GBE | Government Business Enterprise |
| GFS | Government Finance Statistics |
| GLASS | Group of Latin American Standard Setters |
| GPF | Global Preparers Forum (IASB advisory body) |
| GPFR | General Purpose Financial Report |
| GRAP | Standard of Generally Recognised Accounting Practice (ASB-South Africa) |
| GRI | Global Reporting Initiative (sustainability reporting standards) |
| IAASB | International Auditing and Assurance Standards Board |
| IAESB | International Accounting Education Standards Board |
| IAS | International Accounting Standard (issued by the IASC) |
|
IASB
|
International Accounting Standards Board |
| IASC | International Accounting Standards Committee (replaced by the IASB) |
| ICAEW | Institute of Chartered Accountants of England and Wales |
| ICAS | Institute of Chartered Accountants of Scotland |
| IESBA | International Ethics Standards Board for Accountants |
| IFAC | International Federation of Accountants |
| IFASS | International Forum of Accounting Standard Setters (formerly known as National Standard-Setters, NSS) |
| IFRIC |
|
| IFRS |
|
| IFRS for SMEs | International Financial Reporting Standard for Small and Medium-sized Entities |
| IIRC | International Integrated Reporting Committee |
| IMF | International Monetary Fund |
| INFINZ | Institute of Finance Professionals New Zealand Inc. |
| IoD | Institute of Directors |
| IOSCO | International Organisation of Securities Commissions |
| IPSAS | International Public Sector Accounting Standard |
| IPSASB | International Public Sector Accounting Standards Board |
| IR | Integrated Reporting (often written as <IR>) |
| ISA | International Standards on Auditing |
| ISRE | International Standards on Review Engagements |
| ISSB | International Sustainability Standards Board |
| ITC | Invitation to Comment |
| IVS | International Valuation Standards |
| IVSC | International Valuation Standards Council |
| KASB | Korea Accounting Standards Board |
| LTCCP | Long-Term-Council-Community-Plan (prepared by local government) |
| MBIE | Ministry of Business, Innovation and Employment |
| MoE | Ministry of Education |
| MOU | Memorandum of Understanding |
| NFP | Not-for-profit |
| NZASB | New Zealand Accounting Standards Board |
| NZAuASB | New Zealand Auditing and Assurance Standards Board |
|
NZ IAS
|
New Zealand equivalent to an International Accounting Standard |
| NZICA | New Zealand Institute of Chartered Accountants (now CAANZ) |
| NZ IFRIC | New Zealand equivalent to an IFRS Interpretations Committee Interpretation |
| NZ IFRS |
|
| NZ (ISA) | New Zealand equivalent to an International Standard on Auditing |
| NZSA | New Zealand Shareholders’ Association |
| NZ SIC | New Zealand equivalent to a Standards Interpretation Committee Interpretation |
| NZX | New Zealand Stock Exchange |
| OAG | Office of the Auditor-General |
| OECD | Organisation for Economic Co-operation and Development |
| OIC | Organismo Italiano di Contabilita (Italian Standard Setter) |
| PAFA | Pan African Federation of Accountants |
| PBE | Public Benefit Entity |
| PBE FRS | Public Benefit Entity Standard based on a Financial Reporting Standard |
| PBE IAS | Public Benefit Entity Standard based on an International Accounting Standard |
| PBE IFRS | Public Benefit Entity Standard based on an International Financial Reporting Standard |
| PBE IPSAS | Public Benefit Entity Standard based on an International Public Sector Accounting Standard |
| PBE SFR-A (NFP) | Public Benefit Entity Simple Format Reporting - Accrual (Standard for Not-for profit) |
| PBE SFR-A (PS) | Public Benefit Entity Simple Format Reporting - Accrual (Standard for Public Sector) |
| PBE SFR-C (NFP) | Public Benefit Entity Simple Format Reporting - Cash (Standard for Not-for profit) |
| PBE SFR-C (PS) | Public Benefit Entity Simple Format Reporting - Cash (Standard for Public Sector) |
| PBE Standards | Public Benefit Entity Standards |
| PCAOB | Public Company Accounting Oversight Board (US) |
| PIC | Public Interest Committee (IPSASB oversight body) |
| PIE | Public Interest Entity |
| PIOB | Public Interest Oversight Board (US) |
| PIR | Post Implementation Review |
|
PPM
|
Pollutant Pricing Mechanisms (term replaces ETS - Emissions Trading Schemes) |
| PSAB | Canadian Public Sector Accounting Board |
| PSB | Professional Standards Board of the New Zealand Institute of Chartered Accountants (partly replaced by NZAuASB) |
| RBNZ | Reserve Bank of New Zealand |
| RDR | Reduced Disclosure Regime |
| REAP | Rural Education Activity Programme |
| RFP | Request for Proposal |
| RFV | Request for Views |
| SEC | Securities and Exchange Commission (US) |
| SEM | Single Economic Market |
| SFO | Serious Fraud Office |
| SFR | Simple Format Reporting |
| SIC | Standards Interpretation Committee (precursor to the IFRS Interpretations Committee) |
| SME(s) | Small and medium sized entity(ies) |
| SOE | State Owned Enterprise |
| SOLGM | NZ Society of Local Government Managers |
| SORP | UK Statement of Recommended Practice. The most common one is the Accounting and Reporting by Charities SORP issued by the UK Charities Commission. |
| SPFR | Special Purpose Financial Report |
| SPR | Service Performance Reporting |
| SSAP | Statements of Standard Accounting Practice (issued under old NZ GAAP) |
| SSP | Statement of Service Performance |
| TBG | Task-Based Group (IPSASB) |
| TRG | Technical Reference Group (NZASB) |
| WSS | World Standard Setters (IASB annual conference) |
| XBRL | Extensive Business Reporting Language |
| XRAP | External Reporting Advisory Panel |
| XRB | External Reporting Board |